Coeur Mining’s (CDE) “Buy” Rating Reiterated at Noble Financial

Noble Financial reiterated their buy rating on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Monday, AnalystRatings.com reports. The firm currently has a $5.00 price target on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of TMAC Resources from a market perform rating to an outperform rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, July 8th. Raymond James restated a buy rating on shares of Intercept Pharmaceuticals in a report on Thursday, June 6th. Finally, ValuEngine lowered shares of TheStreet from a buy rating to a hold rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Coeur Mining presently has an average rating of Hold and a consensus target price of $5.00.

NYSE:CDE opened at $4.80 on Monday. The stock has a market cap of $931.14 million, a price-to-earnings ratio of -480.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.36. The company has a 50-day moving average price of $3.82. Coeur Mining has a 12-month low of $2.78 and a 12-month high of $8.20.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). The firm had revenue of $154.90 million during the quarter, compared to analysts’ expectations of $156.37 million. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Coeur Mining will post -0.24 earnings per share for the current year.

In related news, CFO Thomas S. Whelan acquired 25,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $2.84 per share, with a total value of $71,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Kenneth Thompson acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of $2.93 per share, with a total value of $43,950.00. Following the purchase, the director now owns 150,645 shares in the company, valued at $441,389.85. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 41,750 shares of company stock valued at $120,200. Corporate insiders own 1.88% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toroso Investments LLC acquired a new position in shares of Coeur Mining during the 4th quarter valued at about $826,000. CoreCommodity Management LLC increased its stake in shares of Coeur Mining by 126.5% during the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 7,783 shares during the last quarter. ETF Managers Group LLC increased its stake in shares of Coeur Mining by 17.0% during the 1st quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock valued at $2,040,000 after acquiring an additional 72,694 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Coeur Mining by 115.1% during the 4th quarter. First Trust Advisors LP now owns 301,025 shares of the basic materials company’s stock valued at $1,346,000 after acquiring an additional 161,082 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in Coeur Mining during the 4th quarter worth approximately $233,000. 65.90% of the stock is owned by institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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